According to North Dakota Wheat Commission Policy and Marketing Director Jim Peterson, the amount of spring wheat planted this year is uncertain. “Certainly $1.50 (per bushel) ago, it was an easier decision to make. There was a lot of interest in wheat last fall, because of minimal issues and better-than-expected yields. February sets the crop insurance price. If we don’t gain traction and build back, there’s no question wheat may struggle in parts of North Dakota against soybeans and other crops.” Peterson wants to see better domestic and international wheat demand in the first quarter of the new calendar year. “A lower price allows us to compete better globally, but with the recent setbacks, we’re telling customers wheat isn’t going to compete as hard for acres as it would have two months ago.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.